Lupin Will Pay $150M To End Glumetza Antitrust Suit
By Lauren Berg (September 20, 2021, 10:10 PM EDT) -- Direct buyers of blood sugar medication Glumetza on Monday inked a $150 million deal in California federal court with Lupin Pharmaceuticals, which is accused of taking part in a scheme to stave off the launch of a generic version of the blockbuster drug.
Lupin Pharmaceuticals on Monday agreed to pay $150 million to settle claims that it took money from competitors to delay the launch of its generic version of Glumetza. (Dhiraj Singh/Bloomberg via Getty Images) Under the proposed settlement, India-based Lupin Ltd. and its subsidiary Lupin Pharmaceutical Inc. will pay $150 million in cash to resolve claims that the company...
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